Owner-user and mixed-use development opportunity in Boyle Heights. 3009-3015 Wabash Avenue consists of approximately 3,850 SF of commercial improvements on approximately 9,341 SF of land. The property is zoned [LM3-G2-3][CX5-8][CPIO], supporting residential and neighborhood-serving commercial uses. All three storefront tenants are currently month-to-month, providing ownership flexibility to deliver the commercial building vacant at close of escrow. The property is also subject to an existing Lamar Advertising billboard lease; Lamar has advised that the current term extends through December 31, 2029. Buyer to independently review and verify the billboard lease and all development rights. Located directly across from a new 55-unit residential development. Asking price: $1,470,700, approximately $382/SF.
| MLS # | CV26203971 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 28 |
| Listing Provided By | CAREBF INC | Eric Chavez |
| SQ Feet | 3,850 |
|---|---|
| Story(s) | 1 |
| Units | 9036 |
| Building(s) | 1 |
| Zoning | LM3-G2-3[CX5-8][CPIO |
| Acreage | 0.21 |
| Lot Features | Sixteen To Twenty Units Acre, Twenty One To Twenty Five Units Acre |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90063 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90063) | |
Price: $1,470,070 low | high Med: $950,000 sqft: 3,850 low | high Med: 2,275 $ / sqft: $382 low | high Med: $418 On site: 28 low | high Med: 63 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90063 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90063) | |
Price: $1,470,070 low | high Med: $950,000 sqft: 3,850 low | high Med: 2,275 $ / sqft: $382 low | high Med: $418 On site: 28 low | high Med: 63 | |